# Facebook reveals Libra, its momentous new crypto, to the world - Decrypt

<https://decrypt.co/7502/facebook-libra-coin-cryptocurrency-launch-calibra>

- Host: [decrypt.co](https://links.thingelstad.xyz/hosts/decrypt.co/)
- Saved: June 19, 2019 (2019-06-19T09:46:35Z)
- Record: https://links.thingelstad.xyz/links/16d3b10a58d8/
- JSON: https://links.thingelstad.xyz/links/16d3b10a58d8.json

## What Jamie wrote

Interesting for Facebook to be getting into this space and betting so big on it. It would be good if it validates cryptocurrencies, but I have no trust for Facebook to run such a system with my money. I’m also pretty suspicious about the involvement of all these other organizations.

> These collaborators, each of which pitched in $10 million for the privilege of joining the network, are the so-called “Founding Members” of the Libra Association, a Switzerland-based not-for-profit that will oversee the development of the Libra network. A Byzantine system of “governance”—with each node participating in regular votes on key proposals—is intended to hold them accountable.

What are they getting out of this? I'll wait and see. If it requires a Facebook account, I won't be using it.

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Appears in

- [WT111: Weekly Thing #111 / Jun 22, 2019](https://weekly.thingelstad.com/archive/111/), Notable Links 📌

## Same host

- [America’s First Legal DAO Approved in Wyoming - Decrypt](https://links.thingelstad.xyz/links/505ca9bd069b/) (decrypt.co, July 11, 2021)
- [Polygon, Arweave Jump Double Digits as Meta’s Instagram Announces New NFT Tools - Decrypt](https://links.thingelstad.xyz/links/1cc6b2c807e7/) (decrypt.co, November 10, 2022)
- [Reddit NFTs Surge as Polygon-Based Avatars Reach Millions of New Users - Decrypt](https://links.thingelstad.xyz/links/2ee8a89d97a5/) (decrypt.co, November 17, 2022)
- [Starbucks Is Shutting Down Its Odyssey Beta NFT Rewards Program — Will It Return? - Decrypt](https://links.thingelstad.xyz/links/6f6ce54e45d2/) (decrypt.co, March 21, 2024)
- [North Dakota Considers Crypto Reserve as State Bitcoin Treasuries Gain Momentum - Decrypt](https://links.thingelstad.xyz/links/f8713ca58a82/) (decrypt.co, January 13, 2025)

## Saved the same week

- [Nintendo Announces Dr. Mario World Coming to iOS July 10 – MacStories](https://links.thingelstad.xyz/links/22e3f0f4a492/) (macstories.net, June 19, 2019)
- [20 Rules For Making the Best Salads of Your Life | Bon Appétit](https://links.thingelstad.xyz/links/c9cef1100cea/) (bonappetit.com, June 19, 2019)
- [Why do some people avoid news? Because they don’t trust us — or because they don’t think we add value to their lives? » Nieman Journalism Lab](https://links.thingelstad.xyz/links/842b81ea7957/) (niemanlab.org, June 19, 2019)
- [Bob Lutz Talks Panel Gaps, Tesla, and Why Every Detail Matters](https://links.thingelstad.xyz/links/a49419dde7cc/) (roadandtrack.com, June 19, 2019)
- [The Mystery of the Miserable Employees: How to Win in the Winner-Take-All Economy - The New York Times](https://links.thingelstad.xyz/links/6c96232353b6/) (nytimes.com, June 19, 2019)

## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/https://decrypt.co/7502/facebook-libra-coin-cryptocurrency-launch-calibra